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Members of railway tribunal not to hold shares in any transport undertaking.
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16.—(1) Every person appointed to be a standing member of the railway tribunal shall within three months after his appointment absolutely sell and dispose of all shares in any transport undertaking which he shall at the time of his appointment own or be interested in for his own benefit, and if any shares in any transport undertaking shall come to or vest in a member of the railway tribunal by will or succession for his own benefit, he shall within three months after the same shall have so come to or vested in him, absolutely sell and dispose of the same or his interest therein.
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(2) A standing member of the railway tribunal shall not, while he holds that office, purchase, take, or become interested in for his own benefit any shares in any transport undertaking.
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(3) Any standing member of the railway tribunal who shall retain, purchase, take, or become or remain interested in any shares in any transport undertaking in contravention of this section shall be disqualified for and be deemed to have vacated his office as such member.
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(4) In this section the expression “shares in any transport undertaking” means and includes any stock, shares, debentures, debenture stock, bonds, or other securities of any company engaged in the transport of persons or things in Great Britain or Ireland.
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